1. Narayana Hrudayalaya:
Prabhudas Lilladhar maintains a ‘Buy’ rating on this hospitals player with a target price of Rs 1,950, a 11.3% upside. The company’s management confirmed its focus on expansion over the next 3–4 years. It aims to increase capacity and improve efficiency by adding more specialised, higher-value beds. Narayana Hrudayalaya plans to add around 1,535 beds through a mix of new (greenfield) and existing (brownfield) projects across Bengaluru, Kolkata, and Raipur over the next few years.
The management has guided for a total capex of around Rs 750 crore, with Rs 300 crore allocated for routine maintenance, replacements, and in-facility capacity upgrades, and Rs 450 crore for expansions. In FY25, Narayana Hrudayalaya’s revenue grew 9.3%, supported by higher realisation from bed upgrades (shifting patients from general to private rooms). EBITDA margin improved by 30 bps to 23.3%, but net profit rose just 1.1% for the year.
The company recently launched a retail chemotherapy centre in Gurugram, while its Mumbai facility is close to break-even. Analysts Param Desai and Sanketa Kohale note that both centres are improving and are expected to contribute more significantly in the coming periods.
2. Suzlon Energy:
ICICI Securities maintains a ‘Buy’ rating on this heavy electrical equipment and renewable energy company with a target price of Rs 76, implying an 11.5% upside. In FY25, the company grew its revenue by 66.7% to Rs 6,667 crore, driven by strong execution and higher wind turbine deliveries. Its net profit increased by 214% during the year.
Analysts Mohit Kumar and Abhijeet Singh note that Suzlon reduced its debt from Rs 12,000 crore to a net cash position of Rs 1,300 crore in the last three years. They expect Suzlon, as a market leader in wind turbines, to benefit from the government’s annual tender for 10 GW of wind capacity, along with rising demand from commercial and industrial players.
Management aims to grow order execution (in MW) and revenues by 60% in FY26 and expects the order pipeline to remain robust over the next 18-24 months. Analysts believe Suzlon’s entry into public sector unit (PSU) contracts will support order inflows over the medium term.
As of May 2025, Suzlon’s order book stood at 5.6 GW. The analyst expects this high backlog to give the company clear execution visibility in the coming years. They also see a long-term opportunity in hybrid (solar + wind) energy projects, supported by the company’s robust 4.5 GW annual production capacity for wind turbines.
3. Vinati Organics:
Sharekhan reiterates its ‘Buy’ rating on this speciality chemicals manufacturer with a target price of Rs 2,100, indicating a 14.3% upside. The company is expanding its production capacity for ATBS (Acrylamido tertiary-butyl sulfonic acid) from about 40,000 MT to 60,000 MT to meet growing demand. The upcoming 20,000 MT capacity is already oversold. Vinati Organics’ market share in ATBS stayed steady at 60–65% in FY25. The first phase of the capacity expansion, which adds 25–30%, is expected to be operational by June.
The company’s revenue grew 18.2% to Rs 2,292 crore in FY25, while net profit rose 25.5% during the year. Antioxidants segment revenue stood at Rs 210 crore, marking a strong 70% growth over FY24. Currently, only 50% of the antioxidant capacity is being utilised, which the company expects to ramp up to 90% over the next two years.
Vinati Organics spent Rs 400 crore on capex in FY25, including investments in its Vinati Organics Private (VOPL) unit, and has planned a capex of Rs 360 crore for FY26.
Analysts are upbeat about the company's leadership in products like Isobutyl Benzene (IBB) and ATBS, expecting revenue and net profit to grow by 20.6% and 21.2%, respectively, over FY25–26. The management has also guided for 20% revenue growth over the next three years, with EBITDA margins of 26–27%.
4. JK Lakshmi Cement:
Axis Direct maintains a ‘Buy’ rating on the cement company with a target price of Rs 940, a 15.6% upside. Analysts Uttam Kumar Srimal and Shikha Doshi note that in Q4FY25, the company reported a 6% YoY revenue growth to Rs 1,739 crore, driven by higher pricing per tonne, but net profit declined 3% due to increased fuel and freight costs.
Management plans to add 4.6 million tonnes per annum (MTPA) of cement grinding capacity and 2.3 MTPA of clinker capacity through a Rs 2,500 crore investment, with commissioning expected between FY26 and FY28. Additionally, they are setting up a 1.3 MTPA grinding unit in Surat. Analysts Shrimal and Doshi expect these initiatives will help JK Lakshmi Cement increase its market share.
Shrimal and Doshi write that the management plans to reduce costs by Rs 100-120 per tonne by increasing the share of blended cement and boosting premium product contributions. The analysts expect these initiatives to drive better pricing and volume growth, with EBITDA per tonne reaching Rs 1,100 by FY27.
For FY25, the company's revenue declined 6.7% and net profit fell by 38.1% due to lower pricing per tonne and higher fuel costs in Q1 and Q2. The company plans to invest Rs 1,100 crore in FY26 for developing a waste heat recovery system and upgrading its plants. Analysts expect volume and revenue to grow at a CAGR of 10% and 15%, respectively, over FY26–FY27.
5. Britannia Industries:
Geojit BNP Paribas reiterates its ‘Buy’ rating on this packaged foods company with a target price of Rs 6,030, an 8.2% upside. In Q4FY25, the company's revenue rose 9% YoY to Rs. 4,376 crore, driven by higher pricing and increased sales. Net profit grew 4.2% to Rs 559 crore, driven by improved supply chain operations and controlled overhead expenses.
The company expanded outlet coverage to 28.7 lakh and increased its rural distributor base to 31,000 in Q4FY25. Analyst Vincent KA writes that e-commerce and quick-commerce sales grew 7.5 times compared to other channels and notes that due to a wider distribution network and tight cost control, the company maintained stable EBITDA margins at 18.7% despite high input inflation.
For FY25, its revenue grew 6% and net profit rose 2.8%, driven by higher pricing and rural expansion. Vincent notes that Britannia posted strong double-digit growth in cakes, croissants, and wafers after relaunching these products with new recipes, packaging and graphics.
Note: These recommendations are from various analysts and are not recommendations by Trendlyne.
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